Amman, April 27 (Petra) The General Assembly of the Housing Bank for Trade and Finance approved the Board of Directors’ recommendation to distribute a 30% cash dividend of the nominal share value to shareholders for the year 2024.

During its annual electronic meeting, chaired by Board Chairman Abdulilah Al-Khatib, the Assembly also ratified the Board of Directors' and auditors’ reports for 2024, along with the bank’s future plan for 2025.

Al-Khatib said that despite significant geopolitical developments in 2024, which heavily impacted the global economy and exerted exceptional pressure on the Jordanian and regional economies, the Housing Bank Group maintained improved performance and results.

He noted that the group achieved net profits after tax and provisions of JD150.3 million in 2024, compared to JD140.8 million in 2023, reflecting a growth rate of 6.7%. Total assets rose by 6.3% to JD9.2 billion at the end of 2024, up from JD8.7 billion a year earlier, accounting for 11.9% of the total assets of the Jordanian banking sector.

Customer deposits reached JD6 billion at the end of 2024, up from JD5.7 billion in 2023. The gross balance of direct credit facilities increased to JD5.1 billion, representing a 10.9% market share of total credit facilities in the sector. Shareholders' equity climbed to JD1.4 billion, marking a 5.7% increase.

The bank maintained a capital adequacy ratio of 18.6% and a liquidity ratio of 128.2%, both exceeding the regulatory minimums set by the Central Bank of Jordan and Basel Committee standards.

Al-Khatib outlined the bank’s key achievements during 2024, including the launch of easy and secure banking products and solutions, a branch renewal plan, and the continued implementation of its digital transformation strategy. He also highlighted agreements to finance major infrastructure projects, notably an agreement with Tanmia Natural Gas Company to support the development of infrastructure and distribution networks for industrial clusters.

He added that the bank last year launched the "Imkan by Iskan" program as a natural extension of its corporate social responsibility strategy, serving as the umbrella for all its development and community initiatives.

Al-Khatib praised the efforts of the Central Bank of Jordan, the Jordan Securities Commission, the Companies Control Department, and other official institutions for their role in supporting the banking sector, stimulating economic growth, and providing regulatory frameworks and incentives.

//Petra// AF

27/04/2025 20:43:49